SUSTAINABILITY MANAGEMENTAs Kordsa, doing business in today’s rapidly changing and competitive world and creating economic value, we execute all our activities with the awareness of our social and environmental responsibilities, which facilitate continuous improvement and create value for our stakeholders.
Our corporate values support the foundations of our vision and strategic initiatives. Our priority issues we identified while shaping our sustainability strategy match perfectly with Kordsa’s corporate values we based our growth strategy on.
We believe that the core corporate values that our employees take into consideration in their day-to-day business decisions will function as a road map in the expansion of our sustainability strategy, and will facilitate its implementation by our employees.
Sustainability Task Force
With the participation of specialists and managers from different disciplines and departments, we established Kordsa Sustainability Task Force in 2014. Members of the team are selected in accordance to our material sustainability issues.
Sustainability Task Force plays an important role in implementing the sustainability strategy of our company along with the Executive Leadership Team and also contributes in the development our sustainability reports.
Sustainability Road Map 2020
Considering our material sustainability impacts as Kordsa, we prepared a five-years sustainability road map and Executive Leadership Team approved it during the last quarter of 2016. Taking 2016 as base year we planned our sustainability management actions towards 2020.
COMMUNICATION WITH OUR STAKEHOLDERS
We define our stakeholders as people and organizations that are influenced by our activities, and at the same time, have impacts on our company to achieve its business targets. While striving for sustainable growth at Kordsa, we aim to render the benefits we create for all of our stakeholders sustainably as well.
We conducted a sustainability strategy survey during the first reporting period in 2015. Then, at one-on-one interviews with Executive Leadership Team and during the sustainability workshop held with Sustainability Task Force, we reviewed all our key stakeholders that had an intensive economic, social, and environmental interaction with our company in light of our strategic aspects.
We grouped our key stakeholders by the extent they were influenced by our company’s activities and their impact on our company’s efforts to achieve its business targets. We aim to review our stakeholders every two year as we review our priority aspects.
Sustainability Communication with Our Employees
Every year we conduct a sustainability assessment survey to raise their awareness of our employees on sustainability and our company’s impacts. Through this survey, we collect our employees’ opinions on our company’s sustainability performance and we share these views in the relevant sections of our report annually.
Sustainability Communication with Our Customers
Starting from the first year of our sustainability reporting we engage with our customers to either receive feedback regarding Kordsa’s sustainability performance or the strategic issues focused. Every year we aim to increase the number of our customers that we engage on sustainability.
MATERIAL SUSTAINABILITY TOPICS
We reviewed our strategic sustainability topics with a sustainability strategy survey conducted with the participation of the Kordsa Executive Leadership Team and the Sustainability Task Force. Consequently, we conducted employee and customer engagement surveys and considered their opinions as our key stakeholders while preparing our materiality matrix.
In the matrix, topics that we placed under Business Ethics are compliance and anti- corruption. Diversity and equal opportunity is disclosed under Employment and non-discrimination is disclosed under Human Rights Assessment.
Considering the BIST Sustainability Index requirements, we have added biodiversity and climate change in the evaluation process. Supplier Assessments, as an aspect brought up by our major customers in 2015, also took its place in the matrix.
The upper right-hand part of the matrix displays aspects that are of high importance for both our customers and Kordsa, and influence our company’s performance directly and significantly. These aspects constitute the main topics of the relevant sections of our report, and the relevant data on our company’s performance are extensively covered in the report.
The main objective of creating such a matrix was to clearly identify issues important for both our company and our key stakeholders, and to develop our plans and set our targets around these topics. In the coming period, we aim to exchange ideas with a higher number of stakeholders and to further develop the issues we will focus on and our related targets.
We Support UN Sustainable Development Goals
Signing UN Global Compact in 2014, we started supporting its vision of "Sustainable and inclusive global economy" with our commitments.
After the launch of Sustainable Development Goals (SDGs) in 2015 by UN, we as Kordsa aligned our material issues and related best practices with these global challenges. Our material issues are directly related to 13 of the SDG’s where the rest are indirectly covered. The table showing the relation of our focus issues and SDG’s is below.